Broadmark Realty Capital (BRMK)

Company Profile

Broadmark Realty Capital Inc. is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.

Company profile

Ticker

BRMK, BRMKW

Exchange

NYSE

Website

www.broadmark.com

CEO

Jeffrey B. Pyatt

Incorporated

Maryland

Location

Washington

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

Former names

Trinity Sub Inc.

SEC CIK

0001784797

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

BRMK Lending, LLC • BRMK Management, Corp. • Broadmark Private REIT Management, LLC • Cataldo Square, LLC • PBRELF Peak, LLC • BRMK Jefferson, LLC • BRMK Wasatch Properties LLC • BRMK Dayton Townhomes LLC • BRMK Roth Park Building B LLC • BRMK Echo Lake LLC ...

IRS number

842620891

BRMK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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1 Mar 23

Business combination disclosure

28 Feb 23

8-K

Entry into a Material Definitive Agreement

28 Feb 23

425

Business combination disclosure

27 Feb 23

425

Business combination disclosure

27 Feb 23

425

Business combination disclosure

27 Feb 23

8-K

Broadmark Realty Capital Announces Fourth Quarter 2022 Results

Broadmark Realty Capital Announces Receipt of Letter from Nyse Regulation Regarding Low Selling Price of Its Warrants

7 Nov 22

Transcripts

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BRMK

Earnings call transcript

2022 Q3

8 Nov 22

BRMK

Earnings call transcript

2022 Q2

8 Aug 22

BRMK

Earnings call transcript

2022 Q1

10 May 22

BRMK

Earnings call transcript

2021 Q4

1 Mar 22

BRMK

Earnings call transcript

2021 Q3

9 Nov 21

BRMK

Earnings call transcript

2021 Q2

10 Aug 21

BRMK

Earnings call transcript

2021 Q1

11 May 21

BRMK

Earnings call transcript

2020 Q4

26 Feb 21

BRMK

Earnings call transcript

2020 Q3

9 Nov 20

BRMK

Earnings call transcript

2020 Q2

10 Aug 20

Latest ownership filings

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Financial summary

Financial statements Chart BRMK financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	54.96 mm	54.96 mm	54.96 mm	54.96 mm	54.96 mm	54.96 mm
Cash burn (monthly)	2.06 mm	6.49 mm	51.01 mm	9.70 mm	(no burn)	(no burn)
Cash used (since last report)	5.54 mm	17.49 mm	137.35 mm	26.12 mm	n/a	n/a
Cash remaining	49.42 mm	37.48 mm	-82.38 mm	28.85 mm	n/a	n/a
Runway (months of cash)	24.0	5.8	-1.6	3.0	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

BRMK institutional ownership history Ownership history

43.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	168	164	+2.4%
Opened positions	36	22	+63.6%
Closed positions	32	21	+52.4%
Increased positions	59	69	-14.5%
Reduced positions	46	44	+4.5%

13F shares	Current	Prev Q	Change
Total value	190.19 bn	299.29 mm	+63445.8%
Total shares	57.79 mm	58.57 mm	-1.3%
Total puts	118.70 k	112.20 k	+5.8%
Total calls	134.70 k	142.40 k	-5.4%
Total put/call ratio	0.9	0.8	+11.8%

Largest owners	Shares	Value	Change
Vanguard	12.45 mm	$44.33 bn	+1.9%
BLK Blackrock	11.01 mm	$39.18 bn	+0.6%
Farallon Capital Management	4.85 mm	$17.27 bn	0.0%
STT State Street	2.74 mm	$9.86 bn	NEW
Washington Trust Bank	2.56 mm	$9.11 mm	0.0%
Geode Capital Management	2.46 mm	$8.78 bn	+2.6%
Balyasny Asset Management	2.01 mm	$7.14 bn	NEW
Citadel Advisors	1.89 mm	$6.73 bn	+107.8%
Charles Schwab Investment Management	1.50 mm	$5.35 bn	+16.6%
Mirae Asset Global Investments	1.41 mm	$5.03 bn	-37.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	2.74 mm	+2.74 mm	NEW
IVZ Invesco	298.02 k	-2.50 mm	-89.4%
Balyasny Asset Management	2.01 mm	+2.01 mm	NEW
Punch & Associates Investment Management	0.00	-1.08 mm	EXIT
Citadel Advisors	1.89 mm	+980.46 k	+107.8%
First Trust Advisors	0.00	-913.98 k	EXIT
Mirae Asset Global Investments	1.41 mm	-853.24 k	-37.6%
Northeast Financial Consultants	734.41 k	-757.01 k	-50.8%
Cerity Partners	420.39 k	-566.48 k	-57.4%
State of New Jersey Common Pension Fund D	0.00	-345.88 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRMK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Jan 23	Nevin Singh Boparai	Common Stock	Payment of exercise	Dispose F	No	No	4.19	4,105	17.20 k	88,070
14 Jan 23	Nevin Singh Boparai	Common Stock	Payment of exercise	Dispose F	No	No	4.19	2,940	12.32 k	92,175
14 Jan 23	Jeffrey B. Pyatt	Common Stock	Payment of exercise	Dispose F	No	No	4.19	3,839	16.09 k	252,988
1 Dec 22	Jonathan Ray Hermes	Common Stock	Grant	Acquire A	No	No	0	93,052	0.00	93,052
9 Nov 22	Jeffrey B. Pyatt	Common Stock	Grant	Acquire A	No	No	0	66,056	0.00	256,827